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“The American oil industry, which has in the last 10 years created the technology of oil self-sufficiency, will survive without the smaller independent company pioneers in shale and their future risk-taking in finding oil,” the PIRI said in a release. “Integrated companies (with production and refining combined) will survive and dominate in a second downturn with a smaller market share in America alongside potential 60-percent oil imports from foreign producers outside North America.”

The PIRI will present Dr. Daniel Fine and its strategic “White Paper” as the keynote at the rally, along with oil and gas operators from the Delaware Basin (New Mexico Permian) and San Juan Basin.

The oil and gas industry “bust” will be presented by Tom Taylor, economic development, Four Corners, and Tom Dugan of Dugan Productions. Tom Cambridge will speak on the Panhandle of West Texas and John Yates Jr. of Yates Petroleum Corp. on the Permian/Delaware.

More information on the PIRI can be found at www.panimportreduction.org.

Oil import quotas will reduce the incentive to lower costs while raising the cost of oil products. It will slow the development of cheaper ways to extract oil and gas and benefit the Sauds more than anyone else.

“Southwest and Rocky Mountain oil producers say they feel they are under OPEC and Saudi Arabian “attack.””

They’re right.

The whole damn country is under attack.

Economic attack.

Time to fight back.

I fully support these hard-working diligent Americans who have devoted their lives to ensuring my truck will go forward when I step on the accelerator.

Yes. Import quotas would hurt my pocketbook a little, but not enough to make it worth risking the loss of our independent oil companies and concentrating even more power and wealth in the hands of the Sauds.

We need to bring back small cap manufacturing, too.